Coal news and updates

NINL keeps LAM coke offers unchanged for December

India Coal Market Watch

December 4: NINL is offering LAM coke on NINL plant basis at Rs 12,500 per ton in December, same as in November, according to information available with ICMW.

The price is exclusive of excise duty, sales tax, freight and other duties.

The total material offered is 2,200 tons.

The specifications of LAM coke include moisture 3% (max), ash 12.5%, VM 1%, FC (dry basis) 85%, sulphur 0.6% max, CSR 63.5%.

The delivery would be through rail or road on actual weight basis.

 NINL is offering discounts in the range of Rs 300 per ton to Rs 1,000 per ton for purchase beyond the range of 2,200 tons to 8,800 tons.

The offer is valid till December 31, 2015.

 Domestic coke prices have come down by Rs 600-1,100 per ton in the last one month as steel mills are procuring the material from overseas markets, where offers have hit lows of $130 per ton CFR India from $133 per ton CFR in the last fortnight’, according to a coke-maker in India.

 Current domestic offers are hovering around Rs 12,300-12,800 per ton.